Praxair (NYSE:PX)‘s stock had its “buy” rating reiterated by research analysts at Oppenheimer in a report released on Friday, AnalystRatings.Net reports. They currently have a $137.00 price target on the stock. Oppenheimer’s target price suggests a potential upside of 12.84% from the stock’s previous close.
A number of other analysts have also recently weighed in on PX. Analysts at Robert W. Baird raised their price target on shares of Praxair from $129.00 to $142.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of Praxair in a research note to investors on Tuesday, September 17th. They now have a $125.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Praxair from $134.00 to $137.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $131.25.
Shares of Praxair (NYSE:PX) opened at 121.41 on Friday. Praxair has a 52 week low of $102.79 and a 52 week high of $124.41. The stock’s 50-day moving average is $119.4 and its 200-day moving average is $116.2. The company has a market cap of $35.797 billion and a P/E ratio of 21.68.
Praxair (NYSE:PX) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.49. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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